The whole system is outmoded. Anti-scalping laws are anti-consumer to begin with, this "BOTS Act" just updates it to match new technology and to deal a deal-blow to places like StubHub. The whole point of this is to keep any other smaller ticket companies from getting big enough to challenge the TicketMaster monopoly.

I do wonder if now we'll see TM implement "surge pricing" of their own for popular events... letting them keep the money that the bots were making off them.

Not really. Though it may seem unfair from a consumer perspective, passing legislation like this increases regulation and, though slowly, causes further decline in economic growth. I'm not saying that this single bit of legislation is going to ravage the entire economy of the US, however it is laws like this, banning how certain private items are sold, that are acting like a rope around entrepreneurs.